African Development Bank President Donald Kaberuka believes African economies face difficulties in sustaining the current pace of economic growth due to under investment in infrastructure and committing to integrating their economies.
He said, “Whilst African economies have made progress towards integrating their economies and boosting intra-regional trade, the pace is probably a little slower.”
Dr Kaberuka added: “Integrating African economies and boosting investment in infrastructure buffered the continent ‘against external shocks’ and ‘business as usual will not do’.
“There is a strong conviction that although many countries have done well in the last decade, that momentum will be hard to sustain without a quantum leap on integration.”
He also urged African countries to prioritise integrating their economies and at the same time investing in infrastructure.
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